Siacoin has just completed the ABC correction that's part of wave 4. As the 3rd wave was extended I expect the 5th wave to be a fib multiple of the 1st wave. If this is the case it would provide someone with a possible 122% gain.
Have a look at this 4h chart...
Lets take a look at the macd, this is showing a bullish divergence.
On the 15min chart I can see that it has just pumped up but has hit some resistance at the 0.618 fib retracement. I think that If it breaks through this it could mark the start of wave 5.
My strategy will be to step a stop loss where the 55 exponential moving average is, that way if I am incorrect then I can cut my losses. However if the volume holds up I think we could break through the resistance and get huge rewards.
Hope this helps at least one person ;)
Good luck out there everyone.
Legal Disclaimer: This is only my opinion, how you interpret it is completely up to you. What I mean by this is that I am not giving you advice or recommendation to buy or sell anything! This information has been made for informative and entertainment purposes only.